Well - Good news / Bad News:
Letters from the owners attorney to victim(s) agree to pay for damages as per agreed-upon values based on a professional surveyor's assesment of each vessel/facility. In exchange, the victim(s) has to agree to never ever hassle the owner in any way shape or form about the incident.
The letter makes no indication of who the owners are by name, only "BB Yachting, Ltd., a Cayman Islands company".
The letter offer states "On behalf of the owner, we apologize for any inconvenience or difficulties the wake incident of July 5, 2009 may have caused your business or guests." It does not state that the owner (who is now believed to have been onboard at the time) apologizes or even cares.
So: In exchange for what the victims were due all along and a limp apology, the owner wants to be let off of every potential hook. The victims will have to choose their path...